XCTW.DE vs. IBCZ.DE
XCTW.DE (Xtrackers MSCI World Climate Transition UCITS ETF) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds - XCTW.DE tracks the MSCI ACWI NR USD while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, XCTW.DE returned 16.67%/yr vs 18.64%/yr for IBCZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. XCTW.DE charges 0.19%/yr vs 0.50%/yr for IBCZ.DE.
Performance
XCTW.DE vs. IBCZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCTW.DE achieves a 9.85% return, which is significantly lower than IBCZ.DE's 13.04% return.
XCTW.DE
- 1D
- 0.05%
- 1M
- 4.92%
- YTD
- 9.85%
- 6M
- 10.34%
- 1Y
- 22.78%
- 3Y*
- 16.67%
- 5Y*
- —
- 10Y*
- —
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.84%
- YTD
- 13.04%
- 6M
- 13.70%
- 1Y
- 27.80%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
XCTW.DE vs. IBCZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCTW.DE Xtrackers MSCI World Climate Transition UCITS ETF | 9.85% | 7.28% | 25.26% | 12.68% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 5.95% |
Correlation
The correlation between XCTW.DE and IBCZ.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.92 |
The correlation between XCTW.DE and IBCZ.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
XCTW.DE vs. IBCZ.DE — Risk / Return Rank
XCTW.DE
IBCZ.DE
XCTW.DE vs. IBCZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Climate Transition UCITS ETF (XCTW.DE) and iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XCTW.DE | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 5.23 | -2.30 |
| Martin ratioReturn relative to average drawdown | 11.85 | 20.97 | -9.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCTW.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 2.42 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.69 | +0.60 |
Drawdowns
XCTW.DE vs. IBCZ.DE - Drawdown Comparison
The maximum XCTW.DE drawdown since its inception was -21.64%, smaller than the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XCTW.DE and IBCZ.DE.
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Drawdown Indicators
| XCTW.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -33.99% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -5.29% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -19.98% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.60% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -4.52% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.32% | +0.60% |
Volatility
XCTW.DE vs. IBCZ.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Climate Transition UCITS ETF (XCTW.DE) is 2.68%, while iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) has a volatility of 3.05%. This indicates that XCTW.DE experiences smaller price fluctuations and is considered to be less risky than IBCZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCTW.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 3.05% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 8.16% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 11.42% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 14.11% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 15.13% | -1.97% |
XCTW.DE vs. IBCZ.DE - Expense Ratio Comparison
XCTW.DE has a 0.19% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
XCTW.DE vs. IBCZ.DE - Dividend Comparison
Neither XCTW.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, XCTW.DE and IBCZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XCTW.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCTW.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for IBCZ.DE.
XCTW.DE tracks MSCI ACWI NR USD, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. They also come from different issuers: DWS and iShares. Their fees differ too: 0.19% for XCTW.DE and 0.50% for IBCZ.DE.
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